LegalZoom reported an 8% increase in revenue to $167.3 million, driven by a 14% increase in subscription revenue. The company achieved net income of $7.5 million, a significant improvement from the net loss of $12.0 million in the same period last year. LegalZoom also launched several new products, including LZ Books, Doc Assist, and Business Licenses.
Revenue increased by 8% year-over-year, reaching $167.3 million.
Subscription revenue grew by 14% year-over-year, totaling $104.5 million.
Net income was $7.5 million, a significant improvement from the prior year's net loss of $12.0 million.
The company launched Business Licenses, LZ Books, Doc Assist, and a revamped Legal Forms library.
LegalZoom provided guidance for the fourth quarter and updated full-year expectations. They expect Q4 revenue to be between $155 million and $157 million, with adjusted EBITDA between $28 million and $30 million. The full-year revenue is now projected to be in the range of $657 million to $659 million, with adjusted EBITDA between $114 million and $116 million.
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